VAT Calculation: Finding Gross and Net Prices
Value Added Tax (VAT) calculations are an essential part of commercial life. With this tool, you can find the VAT-inclusive or exclusive equivalent of an amount in seconds by specifying the VAT rate.
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What is VAT and How is it Calculated?
Value Added Tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. In Turkey, three different VAT rates are generally applied: 1%, 10%, and 20%.
This tool allows you to find the net amount (tax base) from a VAT-inclusive price or calculate the final price by adding VAT to a VAT-exclusive amount.